Performance Wealth Partners LLC Makes New Investment in Triple Flag Precious Metals Corp. $TFPM

Key Points

• Performance Wealth Partners acquired 50,531 shares of Triple Flag Precious Metals worth approximately $1.5 million in the second quarter. Institutional investors now own 82.91% of the company, with several other large funds also initiating positions.
• Analysts maintain a generally positive outlook, with six Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $38.67, despite some recent target reductions.
• Triple Flag reported quarterly EPS of $0.39, exceeding the $0.33 consensus estimate, on $129.2 million in revenue. The company pays a $0.06 quarterly dividend, equivalent to a $0.24 annualized payout and a 0.8% yield.

Performance Wealth Partners LLC acquired a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 50,531 shares of the company's stock, valued at approximately $1,514,000.

Several other large investors also recently modified their holdings of TFPM. Deutsche Bank AG bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth approximately $12,322,000. Alberta Investment Management Corp bought a new stake in Triple Flag Precious Metals in the second quarter valued at $564,000. SCS Capital Management LLC bought a new stake in Triple Flag Precious Metals in the second quarter valued at $5,011,000. Silverlake Wealth Management LLC acquired a new position in Triple Flag Precious Metals during the second quarter worth $478,000. Finally, Pecaut & CO. bought a new position in shares of Triple Flag Precious Metals during the second quarter valued at $210,000. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Triple Flag Precious Metals from a "strong sell" rating to a "hold" rating in a report on Monday, August 10th. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Jefferies Financial Group reduced their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Finally, Bank of America dropped their price objective on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.67.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock opened at $31.67 on Tuesday. Triple Flag Precious Metals Corp. has a 52 week low of $24.75 and a 52 week high of $41.70. The stock has a market capitalization of $6.52 billion, a PE ratio of 15.91, a PEG ratio of 2.83 and a beta of -0.17. The stock's fifty day moving average is $29.54 and its 200-day moving average is $32.82.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The business had revenue of $129.20 million for the quarter, compared to the consensus estimate of $129.20 million. As a group, analysts forecast that Triple Flag Precious Metals Corp. will post 1.4 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.06 dividend. This is an increase from Triple Flag Precious Metals's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. Triple Flag Precious Metals's payout ratio is 11.56%.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.

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